10/30/2026
‼️Did you know the 30-year mortgage was not always a thing? 🤔
In the 1930s, most mortgages were 5-10 years with a balloon payment at the end. Most Americans rented because homeownership was impossible!
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Then the 30-year fixed-rate mortgage arrived and working people could afford homes that made wealth-building possible.
👏Fast forward to today: The 30-year fixed rate is an industry standard 👍